China to invest $500 billion in other countries’ economies by 2020

China to invest $500 billion in other countries’ economies by 2020 — President Xi Jinping

March 28, 13:58UTC+3“The Chinese economy has entered a new stage of its development, which will be for the benefit of all world countries,” the Chinese leader said

Chinese President Xi Jinping

BOAO /China/, March 28. /TASS/. The volume of China’s investment in other countries’ economies by 2020 will exceed $500 billion, President Xi Jinping said while speaking at the opening of the Boao Forum for Asia annual conference 2015.

“The Chinese economy has entered a new stage of its development, which will be for the benefit of all world countries,” the Chinese leader said.

He said the volume of “Chinese investment abroad will exceed $500 billion over the next five years.”

This year, some 2,000 politicians, economists and representatives of business circles take part in the forum’s work. The Russian delegation is led by First Deputy Prime Minister Igor Shuvalov.